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7. मेसस9 एसेनडास आईटी पाक9 (चैKे) िल. इस इंडिHIयल पाक9 म� तब तक काम करता रहगेा जब तक आयकर अिधिनयम, 1961 क: धारा 80-IA क: उपधारा (4) के उपवाZय (iii) के अंतग9त लाभ िमल सकेगा। 8. य�द इंडिHIयल पाक9 31.03.2006 से नहk शुV होता तो आयकर अिधिनयम, 1961 क: धारा 80-IA क: उपधारा 4(iii) के अंतग9त इस योजना का लाभ लेने के िलए औ6ोिगक पाक9 योजना, 2008 के अंतग9त �फर से अनुमोदन लेने क: जVरत पड़ेगी। 9. य�द िनrिलिखत शत̂ पूरी नहk होती हm तो िनrिलिखत िHथितय0 म� अनुमोदन अवैध हो जाएगा और ऐसी अवैधता के जो भी पjरणाम ह0ग ेउसके िलए एकमा7 मेसस9 एसेनडास आईटी पाक9 (चैKे) िल. ही िजDमेदार होगा, य�द (i) वह आवेदन िजसके आधार पर क� � सरकार ने आवेदन �दया ह ैम� गलत सूचना / जानकारी दी गई हो या कुछ सारवान जानकारी को इसम� न �दया गया हो। (ii) यह इंडिHIयल पाक9 के उस Hथान के िलए ह ैिजसके िलए �कसी अcय -ित[ान के नाम से पहल ेही अनुमोदन दे �दया गया हो। 10. य�द मेसस9 एसेनडास आईटी पाक9 (चैKे) िल. इस इंडिHIयल पाक9 के संचालन और देखरेख का काय9 (अथा9त् -ित[ान का Hथानांतरण) �कसी अcय -ित[ान (अथा9त् Hथानांतरती) को सtपता ह ैतो Hथानांतरणकता9 और Hथानांतरती दोन0 संयु( Vप से औ6ोिगक सहायता सिचवालय, औ6ोिगक नीित एवं संवध9न िवभाग, उ6ोग भवन, नई �द�ली -110001 के उपaम सहायता एकक को इस बात क: सूचना द�गे और ऐसे अंतरण के िलए Hथानांतरणकता9 और Hथानांतरती के बीच संपK करार क: एक -ित भी संलu कर�गे। 11. इस अिधसूचना म� उि�लिखत शत] का और साथ ही औ6ोिगक पाक9 योजना, 2002 म� िनिहत शत] का उस अविध म� अनुपालन करना जVरी होगा िजस अविध म� इस योजना का लाभ िलया जा रहा हो य�द मेसस9 एसेनडास आईटी पाक9 (चैKे) िल. उपयु9( म� �कसी भी शत9 का अनुपालन नहk कर पाता ह ैतो क� � सरकार अपने अऩुमोदन को वापस ले सकती ह।ै 12. सरकार के अनुमोदन के िबना या िबना उसके िनदPश के आवेदक भिवwय म� य�द इस पjरयोजन म� कोई पjरशोधन करता ह ैअथवा �कसी सारवान तxय को -कट नहk करता ह ैतो इस इंडिHIयल पाक9 का अनुमोदन अवैध घोिषत कर �दया जाएगा। [अिधसूचना सं. 15 /2017, फा.सं.178/7/2016-आईटीए-I] दीपिशखा शमा9, िनदेशक MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 23rd February, 2017

(INCOME-TAX)

S.O. 617(E).— Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-

section (4) of Section 80-IA of the Income-tax Act, 1961(43 of 1961)(hereinafter referred to as the said Act), has framed

and notified a scheme for industrial park, by the notifications of the Government of India in the Ministry of Commerce

and Industry (Department of Industrial Policy and Promotion) vide number S.O. 354(E), dated the 1st day of April, 2002,

for the period beginning on the 1st day of April, 1997 and ending on the 31st day of March, 2006;

And whereas M/s. Ascendas IT Park (Chennai) Ltd. having its registered office at 1st Floor, Pinnacle Building,

International Tech Park, CSIR Road, Taramani., Chennai- 600 113 has developed an industrial park located at Survey

No. TS 8/2, Block No.9, Kanagam Village, Mambalam Guindy Taluk, Survey No. TS 1/6, Block NO.7, Thiruvanmiyur

Village, Mylapore Triplicane, Chennai, Tamil Nadu-600 113.

And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and

Industry letter No. 15/19/2006-ID-II dated 15-03-2016.

Now, therefore, in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the said

Act, the Central Government hereby notifies the undertaking, being developed and being maintained and operated by

M/s. Ascendas IT Park (Chennai) Ltd, as an industrial park for the purposes of the said clause (iii) subject to the terms

and conditions mentioned in the annexure of the notification.

4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]

ANNEXURE

The terms and conditions on which the approval of the Government of India has been accorded for setting up of an

industrial park by M/s. Ascendas IT Park (Chennai) Ltd.

1. (i) Name of the Industrial : M/s. Ascendas IT Park (Chennai) Ltd.

(ii) Proposed location : Survey No. TS 8/2, Block No.9, Kanagam Village, Mambalam

Guindy Taluk, Survey No. TS 1/6, Block NO.7, Thiruvanmiyur

Village, Mylapore Triplicane, Chennai, Tamil Nadu-600 113

(iii) Area of Industrial Park : 25,848.53 Sq. Mtrs.

(iv) Proposed activities :

Nature of Industrial activity with NIC code

NIC Code Description

S. No. Section Division Group Class

A 8 89 892 892.1 Software consultancy services

B 8 89 892 892.2 Software supply services

C 8 89 893 893.3 Data processing services

(v) Percentage of allocable area earmarked

for Industrial use

: 93.9%

(vi) Percentage of allocable area earmarked

for commercial use

: 6.1%

(vii) Minimum number of industrial units : 12 Units

(viii) Total investments proposed (Amount in

Rupees)

: Rs.138 crores

(ix) Investment on built up space for

Industrial use (Amount in Rupees)

: Rs. 105 crores

(x) Investment on Infrastructure

Development including investment on

built up space for industrial use (Amount

in Rupees)

: Rs. 118 crores

(xi) Proposed date of commencement of the

Industrial Park

: 16-08-2005

2. The minimum investment on infrastructure development in an Industrial Park shall not be less than 50% of

the total project cost. In the case of an Industrial Park which provides built-up space for industrial use, the minimum

expenditure on infrastructure development including cost of construction of industrial space, shall not be less than 60%

of the total project cost.

3. Infrastructure development shall include, roads (including approach roads), water supply and sewerage, common

effluent treatment facility, telecom network, generation and distribution of power, air-conditioning and such other

facilities as are for common use for industrial activity which are identifiable and are provided on commercial terms.

4. No single unit referred to in column (2) of the Table given in sub-paragraph (b) of paragraph 6 of S.O. 354(E) dated

the 1st April, 2002, shall occupy more than fifty per cent of the allocable industrial area of an Industrial Park. For this

purpose a unit means any separate and distinct entity for the purpose of one and more state or Central tax laws.

5. Necessary approvals, including that for foreign direct investment or non-resident Indian investment by the Foreign

Investment Promotion Board or Reserve Bank of India or any authority specified under any law for the time being in

force, shall be taken separately as per the policy and procedures in force.

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6. The tax benefits under the Act can be availed of only after the number of units indicated in Para 1 (vii) of this

Notification, are located in the industrial Park.

7. M/s. Ascendas IT Park (Chennai) Ltd., shall continue to operate the Industrial Park during the period in which the

benefits under clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 are to be availed.

8. In case the Industrial Park did not commence by 31-3-2006, fresh approval will be required under the Industrial Park

Scheme, 2008 subject to the applicability under that Scheme for availing benefits under sub-section 4(iii) of Section 80-

IA of the Income Tax Act, 1961.

9. The approval will be invalid and M/s. Ascendas IT Park (Chennai) Ltd., shall be solely responsible for any

repercussions of such invalidity, if

(i) the application on the basis of which the approval is accorded by the Central Government contains wrong

information/misinformation or some material information has not been provided in it.

(ii) it is for the location of the industrial park for which approval has already been accorded in the name of another

undertaking.

10. In case M/s. Ascendas IT Park (Chennai) Ltd., transfers the operation and maintenance of the industrial park (i.e.,

transferor undertaking) to another undertaking (i.e., the transferee undertaking), the transferor and transferee shall jointly

intimate to the Entrepreneurial Assistance Unit of the Secretariat for Industrial Assistance, Department of Industrial

Policy and Promotion, Udyog Bhawan, New Delhi-110001 along with a copy of the agreement executed between the

transferor and transferee undertaking for the aforesaid transfer.

11. The conditions mentioned in this notification as well as those included in the Industrial Park Scheme, 2002 should be

adhered to during the period for which benefits under this scheme are to be availed. The Central Government may

withdraw the above approval in case M/s. Ascendas IT Park (Chennai) Ltd., fails to comply with any of the conditions.

12. Any amendment of the project plan without the approval of the Central Government or detection in future or failure

on the part of the applicant to disclose any material fact, will invalidate the approval of the industrial park.

[Notification No. 15 /2017, F.No.178/7/2016-ITA-I]

DEEPSHIKHA SHARMA, Director(ITA-I)

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064

and Published by the Controller of Publications, Delhi-110054.

2017-02-28T23:05:37+0530SARVESH KUMAR SRIVASTAVA